I Personally do think Long-Term is the move. As we see here is seems we are repeating the may move but in a shorter term.
Another way of seeing it, we could be testing the 100 Day Moving Average since we recently tested the 50 Day Moving Average from our last "Dip" back in September.
If we can bounce where we are now then I do see us flying somewhere around 72k around mid January or early February.
Remember this is just my perspective on the current situation in the market and highly advise you not to copy as this could take a turn for the worse at anytime when we least expect it to.
Stay safe, Use Stop Losses for your next couple of trades while we are down right now and Happy Trading/Happy New Years!
Twitter: @qoecs
Another way of seeing it, we could be testing the 100 Day Moving Average since we recently tested the 50 Day Moving Average from our last "Dip" back in September.
If we can bounce where we are now then I do see us flying somewhere around 72k around mid January or early February.
Remember this is just my perspective on the current situation in the market and highly advise you not to copy as this could take a turn for the worse at anytime when we least expect it to.
Stay safe, Use Stop Losses for your next couple of trades while we are down right now and Happy Trading/Happy New Years!
Twitter: @qoecs